Singapore - Oil prices were mixed in Asia on Wednesday ahead of the release of a key US supply report and as dealers eyed escalating violence in crude producer Libya, analysts said.
US benchmark West Texas Intermediate for April delivery gained two cents to $50.54 while Brent crude for April fell 29c to $60.73 in afternoon trade.
Tetsu Emori, commodity fund manager with Astmax Investments in Tokyo, said the official US stockpiles report for the week to February 27 to be released later on Wednesday will show an increase in crude reserves, indicating weak demand in the world's biggest economy.